Tencent shares advance on video game approvals
Dec. 21, 2018 4:24 AM ETTencent Holdings Limited (TCEHY)TCTZF, TCEHYBy: Yoel Minkoff, SA News Editor12 Comments
- Chinese regulatory officials have cleared some new video games from Tencent (OTCPK:TCEHY) in the world’s largest gaming market, propelling shares up by as much as 4.6% in Hong Kong.
- China stopped approving new titles from March amid a regulatory overhaul triggered by growing criticism of video games for being violent, leading to myopia and addiction among young users.